Product

Freddie Mac Home Value Explorer cloud

Streamline collateral valuation with a statistically-rooted confidence score
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Product Overview

Lenders in residential mortgage and secondary/capital markets need a regulated, reliable Automated Valuation Model (AVM). By offering Freddie Mac's Home Value Explorer® (HVE), Equifax can help lenders obtain cost-effective and timely collateral valuations that may be used at multiple points across the mortgage loan life cycle.

How It's Used

1
Generate an estimate of property value in seconds

HVE valuations are produced by a unique Freddie Mac proprietary algorithm that blends model estimates (returned by its repeat sales model and hedonic model) into a single valuation.

2
Leverage an extensive national database

HVE uses a database of more than 81 million property addresses from national data repositories and the Freddie Mac loan portfolio. This translates to extensive coverage of all 50 states and the District of Columbia, totaling more than 3,100 counties.

3
Include values for properties in nondisclosure states

HVE includes Freddie Mac loan portfolio data that is not otherwise available through a public source.

4
Increase the likelihood of returning a valuation

With such extensive data, HVE is capable of returning a valuation on 80 percent of all properties submitted.

Benefits

The Value for Your Business

  • Leverage comprehensive and extensive datasets, including proprietary Freddie Mac data for nondisclosure states
  • Focus on accuracy with an associated Confidence Score, based on a statistically-rooted methodology of standard deviation
  • Reduce costs and time by streamlining and simplifying the lending process

Experience Fuels Reliable Results

For more than 20 years, Freddie Mac has effectively employed AVMs in their portfolio management and loan QC processes. Lenders and real estate professionals who need fast, accurate value estimates can benefit from the proprietary data, modeling expertise, industry knowledge and a long-standing reputation that Equifax and Freddie Mac bring to the market.

Insights Articles

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